I am a seller trying to attempt a short sale and need some assistance. I have a 4/3 house in Melbourne FL. Owe $300K with Chase trying to do a short sale for $250K. I have a foreign cash buyer. The home is not listed ...

I've been waiting on a short sale as a buyer for the last 5.5 months.

The home has two mortgages.

The first bank approved my offer, and is offering the second bank, Chase, $5K to buy them out. The second bank h...

What is reconciled market value, and how is it calculated?

Chase told me that after the BPO, they then do an RMV. I said "what the hell is an RMV, and how is it different from the BPO?"

The guy said something along ...

Hi Guys,This is a question that has always been on my mind but i can't quite seem to find the answer too.Currently i own a few rental properties in Las Vegas. I live in California and would like to go to Las Vegas to ...

Hello!  I am new here, but not necessary that new in real estate.  A few years back my wife and I borrowed money from our equity (HELOC) to purchase another home.  We moved into that new home to fix and flip.  Now we ...

I am looking at some  properties to purchase and was wondering if the amount of depreciation claimed changes if I bought the property in say the 3rd quarter of the year versus the 1st.  I've seen a few different optio...

Have been building out some financial models and want to make sure Im doing this correctly. When formating your Profit and loss statements do you include an allowance from gross potential rents for all three of the fo...

Hi, We have five garnishments on evicted tenants in KCMO that our Lawyer is chasing, with very limited success. Has anyone else dealt with this problem? I'm almost tempted to turn them over to a debt collection agency...

Considering purchasing my first rental property. Can anyone give me a brief description on the tax implications of owning a cash flowing rental property ? What are the pros and cons from a tax standpoint ? 

I found a house that looks vacant (it is severely distressed) I looked up the property owner and I see they passed away.  After doing further research I found some relatives.  What is the best way to approach this whe...